So, all of this money we're set to throw in the pot is borrowed right? $700bil more in debt...right?

[bigtree]

They say we'll get most of it back, but, in the short run, we're that much more in debt. We're going to play hell making that debt up. It's hard to imagine that there won't be some other national emergency that will take billions to address.

I keep looking at this as if it was my own budget and debt. I can only see folly here. All of this spending will be done with borrowed money . . . on top of an already record deficit. I can't believe that won't rupture somewhere along the line.

[Virginia Dare]

1. Inflation will run rampant, the value of the dollar will implode..

and this is supposedly the lesser of two evils.

[unpossibles]

2. Grover Norquist and Ronald Reagan wet dream

they're drowning the government in the bathtub and don't care if we go down the drain with it.

Speaking of Reaganomics, I am starting to finally feel the trickle!

It's so ... warm....

[GreenPartyVoter]

4. *snarf* icky.. but funny

[bigtree]

9. 'starve the beast'

-- david stockman

[Eric J in MN]

3. It's contradictory to say the we need to boost the economy...

...by buying "troubled assets" from investment banks, and saying that those assets will be valuable someday and so we won't lose the money.

If those assets would be valuable someday, the private sector would buy them.

This is a cash-for-trash plan.

We won't see that $700 billion, again.

[phantom power]

5. Our national debt...

is one of those topics that should be a major factor in our politics, but somehow isn't.

Last I heard, 30% of our taxes go to paying interest on our debt. Here's a tip: next time you hear a republican whining about taxes remind him that we could cut 30% of our taxes if we just balanced our fucking budget and paid down our debt. Like Clinton was doing, by the way. And you can also remind him that the two largest contributors to our $10 trillion in debt were Ronald Reagan and George W. Bush. By far.

[mmonk]

6. Either that or injecting reserves

providing for no backup for the debt.

[rateyes]

7. Right.

[BraneMatter]

8. Well, they could just print it...

but that might (lol) lead to inflation (gasp).

Nope, we can borrow it from the Chinese at a higher rate, and then use the money to buy back all the worthless mortgage securities the Chinese (and others) are holding.

Sounds like a deal to me...

[Winterblues]

10. They told us Iraq would pay all the bills as well.

When will it be understood by americans that these people are LIEING Thieves with NO Credibility on any subject at all let alone accessing our treasury...